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Full Details

215,000

New Street, Paignton

Property Description
An interesting opportunity being a Period Investment Property comprising 5 Letting Units and most conveniently located for all amenities.

Just a short level walk from the Town Centre, Palace Avenue, Bus/Railway Stations and all other facilities, this property is ideal for investment purposes. 

Arranged as 2 x 1 Bedroomed Flats and 3 Studios, all let on Assured Shorthold Tenancies and generating an income of £20,280 per annum, it is operated under an HMO license. 

ACCOMMODATION

(With approximate measurements) 

GROUND FLOOR:- 

FLAT (1) Studio with bay window and Kitchen Area.  Use of Shower Room/WC and Separate WC on First Floor.  Let at £65 per week. 

FLAT (2) with Lounge, Kitchen having access to rear garden, Bedroom, Shower Room and Separate WC.  Let at £90 per week. 

FIRST FLOOR:- 

FLAT (3) Studio with Lounge/Kitchen and Separate Bedroom.  Use of Shower Room/WC and Separate WC.  Let at £65 per week. 

FLAT (4) Studio with two windows and Kitchenette.  Use of Shower Room/WC and Separate WC. 

SHOWER ROOM with WC and basin. 

SEPARATE WC with basin. 

SECOND FLOOR:- 

FLAT (5) with Lounge, Bedroom, Kitchen and Bathroom/WC.  Let at £95 per week. 

OUTSIDE  

Courtyard with Shed. 

DETACHED GARAGE at the rear.  Currently let at £10 per week. 

HMO LICENSE - 5 years from 12 December 2016. 

TOTAL INCOME - £20,280 per annum 

Council Tax Band B 

VIEWING Strictly by appointment through the Agents 

PRICE FREEHOLD £215,000

NOTES:  (1) The gas, electrical, safety and security appliances, along with fixtures, fittings and services in this property have not been checked.  (2)  The tenure of the property is based on information supplied by the seller and the title documents have not been inspected by the agents.  (3) Intending purchasers are recommended to take appropriate independent professional advice before committing themselves to the purchase of this or any other property.


Viewing
For viewing arrangements or further details please contact us on 01803 558 598 .

Disclaimer
These details are intended as a fair description but are not to be taken as part of a resultant contract. We have not tested the services or any appliances in the property.
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